3. A toy manufacturer has the following cost function: C(x) = 0.1x3 – 2x? + 10000 when x toys are produced. %3D a) What is the total cost in producing 46 toys? b) What is the actual cost of the production of the 47th toy? c) Use marginal analysis to estimate the production cost of the 47th toy.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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3. A toy manufacturer has the following cost function: C(x) = 0.1x3 – 2x? + 10000 when x toys are
produced.
%3D
a) What is the total cost in producing 46 toys?
b) What is the actual cost of the production of the 47th toy?
c) Use marginal analysis to estimate the production cost of the 47th toy.
Transcribed Image Text:3. A toy manufacturer has the following cost function: C(x) = 0.1x3 – 2x? + 10000 when x toys are produced. %3D a) What is the total cost in producing 46 toys? b) What is the actual cost of the production of the 47th toy? c) Use marginal analysis to estimate the production cost of the 47th toy.
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